LONG-TERM DEBT

Long-term debt consists of the following (in thousands):



	July 31, 2017			October 31, 2016
Borrowings under revolving credit facility		$431,660			$455,083
Capital leases and note payable	3,102			3,142
	434,762			458,225
Less: Current maturities of long-term debt	(450		)	(411		)
		$434,312			$457,814

The Company's borrowings under its revolving credit facility mature in fiscal 2019. As of July 31, 2017 and October 31, 2016, the weighted average interest rate on borrowings under the Company’s revolving credit facility was 2.2% and 1.6%, respectively. Borrowings under the revolving credit facility denominated in Euros were €32 million as of both July 31, 2017 and October 31, 2016 of which the U.S. dollar equivalent was $37.7 million and $35.1 million, respectively. The revolving credit facility contains both financial and non-financial covenants. As of July 31, 2017, the Company was in compliance with all such covenants.

In April 2017, the Company increased the aggregate principal amount of its revolving credit facility by $200 million to $1.0 billion through increased commitments from existing lenders.